RWA 代币化：过度炒作还是突破性革命？

在 Cointelegraph 的 Hashing It Out 播客的最新一集中，主持人 Elisha Owusu Akyaw 与 Mantra Chain 首席执行官 John Mullin 进行了交流。他们深入研究了围绕现实世界资产（RWA）代币化的炒作、其对投资者的真正潜力以及其面临的复杂监管环境。 Mullin 深入研究了 RWA 代币化的基本机制及其在扩大 Web3 采用和机构参与方面的重要性。他警告不要对所有资产进行不加区别的代币化，强调需要遵守法律并以代币形式反映现实世界的权利。 Mullin 预测，从长远来看，代币化将扩展到全世界，并因其与链上投资策略的兼容性而吸引机构投资者。

Real-World Asset Tokenization: Hype or Game-Changer?

现实世界的资产代币化：炒作还是游戏规则改变者？

In a captivating episode of Cointelegraph's Hashing It Out podcast, host Elisha Owusu Akyaw delves into the multifaceted world of real-world asset (RWA) tokenization with John Mullin, the visionary CEO of Mantra Chain. Mullin meticulously unpacks the hype surrounding this groundbreaking technology, unflinchingly exploring its transformative potential for investors and unraveling the intricate challenges it faces.

在 Cointelegraph 的 Hashing It Out 播客的一集中，主持人 Elisha Owusu Akyaw 与 Mantra Chain 富有远见的首席执行官 John Mullin 一起深入探讨了现实世界资产 (RWA) 代币化的多方面世界。 Mullin 精心解读了围绕这一突破性技术的炒作，坚定不移地探索其为投资者带来的变革潜力，并揭示其面临的复杂挑战。

Tokenization, the digital transformation of physical assets into blockchain-based tokens, has garnered significant attention within the blockchain community. Mullin astutely observes that this fascination is not entirely novel, drawing parallels to the fervor surrounding Security Token Offerings (STOs) during the 2018-2019 market cycle. However, he astutely highlights that RWA tokenization is gaining traction due to a surge in institutional interest and a growing number of projects finding innovative ways to circumvent the regulatory hurdles that previously hindered the STO sector.

代币化，即实物资产向基于区块链的代币的数字化转换，已在区块链社区中引起了广泛关注。 Mullin 敏锐地观察到，这种迷恋并不完全新颖，与 2018-2019 年市场周期期间围绕证券型代币发行 (STO) 的热情有相似之处。然而，他敏锐地强调，由于机构兴趣激增，以及越来越多的项目寻找创新方法来规避先前阻碍 STO 行业的监管障碍，RWA 代币化正在获得关注。

Mullin, with his characteristic nuance, refrains from endorsing the indiscriminate tokenization of all assets. He emphasizes that while anything can be tokenized, the question of whether the token conveys real-world rights remains paramount. To create a truly fungible token, projects must meticulously integrate technology and token creation with real-world ownership, corporate actions, and legal status. This allows projects to mirror the transferable rights of the physical asset in digital form.

穆林以其特有的细微差别，避免支持所有资产的不加区别的代币化。他强调，虽然任何东西都可以被代币化，但代币是否传达现实世界的权利的问题仍然是最重要的。为了创建真正可替代的代币，项目必须将技术和代币创建与现实世界的所有权、公司行为和法律地位精心结合起来。这使得项目能够以数字形式反映实物资产的可转让权利。

However, Mullin expeditiously acknowledges the complexities inherent in this endeavor. Each asset class is subject to unique real-world rules and regulations, which vary across jurisdictions. Projects must meticulously consider these nuances depending on their geographic location, adding a layer of complexity to an industry that is both challenging and ripe with potential.

然而，穆林很快就承认这一努力固有的复杂性。每个资产类别都受到独特的现实世界规则和法规的约束，这些规则和法规因司法管辖区而异。项目必须根据其地理位置仔细考虑这些细微差别，这给一个既充满挑战又充满潜力的行业增加了一层复杂性。

With unwavering conviction, Mullin proclaims, "In the long run, I believe everything will be tokenized. The entire world will be on-chain." He envisions a future where tokenization serves as a catalyst for increased institutional participation in Web3. By offering a familiar and less volatile investment vehicle, RWA tokenization allows institutions to engage with the on-chain ecosystem without exposing themselves to the risks associated with decentralized finance assets.

穆林坚定地宣称：“从长远来看，我相信一切都会被代币化。整个世界都将上链。”他设想未来代币化将成为增加机构参与 Web3 的催化剂。通过提供熟悉且波动性较小的投资工具，RWA 代币化允许机构参与链上生态系统，而无需面临与去中心化金融资产相关的风险。

For an in-depth exploration of this transformative technology, tune in to the complete episode of Hashing It Out on Spotify, Apple Podcasts, or TuneIn. Embark on a journey into the future of finance and explore the unparalleled potential of real-world asset tokenization.

要深入探索这一变革性技术，请在 Spotify、Apple Podcasts 或 TuneIn 上收听 Hashing It Out 的完整剧集。踏上金融未来之旅，探索现实世界资产代币化的无与伦比的潜力。